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Oct 30 - 01:55 AM
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Copper - Australian Copper Miners Slip, Tracking Softer Commodity Prices
By Nikita Maria Jino — Oct 29 - 11:50 PM
• Australian copper stocks fall on the day, adding to the broader mining sub-index's 0.8% decline
• Prices for the red metal fell from two-week highs overnight as investors remained wary of high US inventories and cautious overthe level of AI-related demand [MET/L]
• Shares of Sandfire Resources fall as much as 1.7% to A$19.92; still set for 9% weekly gain
• Australia-listed shares of Capstone Copper slip as much as 1.8% to A$11.81, though still on track for 6.5% gain on the week
• Capstone on pace to snap four straight weeks of losses
(Reporting by Nikita Maria Jino in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters